The growth effects on degrowth: what remains of the center-periphery model?
AbstractAlthough economic growth is considered one of topics the most discussed and studied by economists, some questions are hitherto unexplored. In this article we will try to address one of these issues by studying the effect of growth shocks of hegemonic countries on the growth of peripheral countries. By using a structural VAR model, we have shown that the peripheral countries integration in trade relations with the center countries, although it may allow the growth of short and medium term, it prevents them, to confirm their long-term economic independence.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 47676.
Date of creation: 18 Jun 2013
Date of revision:
Growth; Center-Periphery; Development;
Find related papers by JEL classification:
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- P2 - Economic Systems - - Socialist Systems and Transition Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-24 (All new papers)
- NEP-FDG-2013-06-24 (Financial Development & Growth)
- NEP-MAC-2013-06-24 (Macroeconomics)
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